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US House Committee releases new stablecoin bill draft

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The draft bill is set to go before the House Committee for discussion on June 13, and if approved by the House and the Senate, it could become the first form of crypto legislation in the U.S.

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US law firm apologizes after AI hallucinations made it to a legal filing

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Sullivan & Cromwell’s Andrew Dietderich said the company has AI policies to prevent incorrect citations and other errors, but procedures weren’t followed on this occasion.

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Privacy protocol Umbra shuts front end to stifle Kelp exploiters

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Umbra has shut down its front end to stop hackers, but says it can’t stop the use of its smart contracts or another version of its open-source front end.

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Justin Sun sues World Liberty Financial over token lockup

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Sun said the lawsuit is to protect his rights as a WLFI token holder and doesn’t change his support of US President Donald Trump and his administration’s efforts to make the US crypto-friendly.

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